OIL PRICES

High Stakes as Saudi Arabia, Russia Leaders Meet on Sidelines of G20

Organization of the Petroleum Exporting Countries along with Russia and its allies will curb oil output by a collective 1.2 million barrels a day.
Top officials from Russia and Saudi Arabia are set to test their energy policy coordination through a series of meetings this week, both in Argentina on the sidelines of the G20 meeting and in Vienna, Austria next week for a meeting between OPEC and non-OPEC producers.

Saudi Arabia

News, analysis, and more

Saudi Oil Policy

Commentary: Oil Hinges on Saudi Dilemma: Bust Budget or Anger Trump?

Things will come to a head this weekend at the Group of 20 summit in Buenos Aires, a meeting that could shape the oil market ...

 

U.S.-Saudi Relations

Senators trying to cut broad deal targeting Saudi Arabia by next week

Senate Foreign Relations Chairman Bob Corker said Thursday he was working with senators from both parties to try to cut a deal to formally rebuke ...

 

U.S.-Saudi

Senate defied Trump on Saudi ties, but may falter in next steps

Even if the Senate passes the resolution, to become law it would have to also pass the House of Representatives, where Republicans hold a majority ...

 

G-20

UK PM May to hold bilateral meeting with Saudi crown prince

British Prime Minister Theresa May will hold a bilateral meeting with Saudi Arabia’s Crown Prince Mohammed bin Salman at the G20 summit in Argentina, her ...

 

Saudi-India

India says expects significant scaling up of Saudi investments

India expects Saudi Arabia to ramp up investments in several sectors including technology, farm and energy over the next couple of years, a senior Indian ...

 

OPEC+

OPEC meeting ‘toughest test yet’ for Saudi-Russia alliance

The energy alliance between OPEC kingpin Saudi Arabia and non-OPEC heavyweight Russia faces its "toughest test yet" next week, analysts have told CNBC, ahead of ...

 

Saudi-Canada

Canada levels sanctions on 17 Saudi nationals

The sanctions will freeze the assets of those individuals in Canada, said the country's foreign minister in a statement. They will also be barred from entering ...

 

E-Prix

David Guetta, Black Eyed Peas and Amr Diab among headlining acts at Saudi Arabia’s E-Prix

Six of the world’s biggest music acts are set to perform in a three-day music festival in Saudi Arabia during the Saudia E-Prix next month. The ...

 

UK Malls

Saudi-backed group pulls out of $3.7bn bid for UK mall owner

The decision comes at a time of political and economic upheaval in Britain driven by uncertainty surrounding the country’s planned departure from the EU next ...

 

Expat Fees

No change in dependents’ fee

Fee on each dependent of an expat worker came into force in July 2017. First year, the fee was SR100 per dependent per month. Then ...

 

Saudi +

Regional and related topics

G-20

Leaders gather for G20 Buenos Aires talks amid rising tensions

World leaders are meeting in Argentina for their annual G20 summit amid new tension with Russia over Ukraine and a US trade row with China. ...

 

G-20

Analysis: Awkward moments for Mohammed bin Salman in Buenos Aires

The G-20 summit should have been a key opportunity for Saudi Arabia to celebrate the possibilities of economic growth in the Middle East and North ...

 

Global Oil Markets

Oil slips back toward $50 ahead of looming G-20, OPEC production talks

Oil prices fell Friday, flirting with a revisit of $50 a barrel, after bouncing Thursday on reports that Russian officials are signaling a likely output ...

 

War in Yemen

U.N.’s Guterres hopes Yemen peace talks will resume by year-end

Speaking in Buenos Aires ahead of the start of the Group of 20 summit of industrialized nations, Guterres said he did not want to raise ...

 

War in Yemen

Opinion: Ending U.S. support for the Saudi-led war in Yemen is the wrong way to express outrage at Jamal Khashoggi’s murder

Which brings us back to the Yemen resolution itself. It is a blunt instrument that fails to consider what happens when the U.S. leaves. If ...

 

Iran

U.S. touts new evidence of Iranian weaponry in Yemen, Afghanistan

The United States on Thursday displayed pieces of what it said were Iranian weapons deployed to militants in Yemen and Afghanistan, a move by President ...

 

Qatar

Qatar Builds Up Military, Spurred by Saudi-Led Blockade

Qatar is adding new jet fighters, enhancing missile defenses and recruiting more soldiers to buttress its armed forces in a standoff with a bloc of ...

 

U.S.-Turkey

Turkey irate over US obstructions in Syria

The prevailing belief is that Washington wants to establish some kind of autonomous Kurdish region in northern Syria, similar to one in Iraq, where it ...

 

Softbank

Japan brokers readying for new client surge ahead of SoftBank’s mammoth IPO

Japan’s stockbrokers are rubbing their hands ahead of SoftBank’s record-breaking $21 billion share sale, banking on the telco’s brand power and unprecedented marketing campaign to ...

 

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